Non-Oil Real GDP Growth in Constant Prices for Iran, Islamic Republic of
IRNNGDPXORPCHPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.11
Year-over-Year Change
-341.30%
Date Range
1/1/2000 - 1/1/2025
Summary
This economic indicator measures the real growth rate of Iran's non-oil gross domestic product (GDP) in constant prices. It provides insight into the health and diversification of Iran's economy beyond the oil sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The non-oil real GDP growth rate for Iran tracks the expansion or contraction of the country's economic output, excluding the oil and gas industry. This metric is widely used by economists and policymakers to assess Iran's overall economic performance and progress in economic diversification.
Methodology
The data is calculated by the Central Bank of Iran based on national accounts and GDP statistics.
Historical Context
This trend is closely monitored by investors, analysts, and institutions to gauge Iran's macroeconomic conditions and development trajectory.
Key Facts
- Iran's non-oil GDP growth averaged 2.7% annually from 2012-2021.
- The non-oil sector accounts for over 90% of Iran's total GDP.
- Growth in non-oil industries is crucial for reducing Iran's economic dependence on oil exports.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the real growth rate of Iran's gross domestic product (GDP), excluding the oil and gas industry. It provides insight into the performance of Iran's non-oil economy.
Q: Why is this trend relevant for users or analysts?
A: The non-oil GDP growth rate is an important metric for assessing the overall health and diversification of Iran's economy beyond its reliance on oil exports.
Q: How is this data collected or calculated?
A: The data is calculated by the Central Bank of Iran based on national accounts and GDP statistics.
Q: How is this trend used in economic policy?
A: Policymakers and institutions closely monitor Iran's non-oil GDP growth to gauge the country's macroeconomic conditions and progress in economic diversification.
Q: Are there update delays or limitations?
A: There may be delays in the release of this data, and the figures are subject to periodic revisions by the Central Bank of Iran.
Related Trends
Number of Identified Exporters to Islamic Republic of Iran from Missouri
MOIRNA475SCEN
Non-oil Revenue for General Government for Iran, Islamic Republic of
IRNGGRXOGDPXOPT
Number of Identified Exporters to Islamic Republic of Iran from Iowa
IAIRNA475SCEN
Number of Identified Exporters to Islamic Republic of Iran from Virginia
VAIRNA475SCEN
Number of Identified Exporters to Islamic Republic of Iran from Ohio
OHIRNA475SCEN
Number of Identified Exporters to Islamic Republic of Iran from Louisiana
LAIRNA475SCEN
Citation
U.S. Federal Reserve, Non-Oil Real GDP Growth in Constant Prices for Iran, Islamic Republic of (IRNNGDPXORPCHPT), retrieved from FRED.